Common use of Valuation of Performance Units Clause in Contracts

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 2008.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

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Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2008 2001 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20082001.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 2007 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20082007.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2008 2004 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20082004.

Appears in 1 contract

Samples: Rj Reynolds Tobacco Holdings Inc

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2008 2002 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20082002.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 2005 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20082005.

Appears in 1 contract

Samples: Reynolds American Inc

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2008 2003 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20082003.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

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Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 2004 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20082004.

Appears in 1 contract

Samples: Reynolds American Inc

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 2006 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20082006.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation and Leadership Development Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 2009 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20082009.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2008 2000 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20082000.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

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